Pexa to List after rejecting bid

摘要

PEXA GROUP plans to raise A$1.18bn (US$910m) from Australia's biggest IPO in nearly three years after its parent company rejected a takeover offer from KKR, undeterred by a string of pulled listings and disappointing debuts on ASX. Link Administration Holdings, the major shareholder of the online property settlement business, said on Monday that it expects Pexa to go public towards the end of June, after completing a cornerstone process.